Pinterest co-founder Paul Sciarra leaves the company

Pinterest co-founder Paul Sciarra has confirmed he is leaving the company after reports began to emerge yesterday about his departure. Fellow Pinterest co-founder Ben Silbermann now becomes CEO of the company.

Sciarra has another job lined up, though. He has been hired as “Entrepreneur-in-Residence” at venture-capital firm Andreessen Horowitz, Sciarra wrote in a blog post.

"After lots of reflection and plenty of discussion with Ben and others, I’ve decided that now is a good time for me to step down formally from day-to-day involvement," Sciarra wrote, adding that he hopes his new job "eventually leads me back to doing what I’ve done for the past three and a half years – namely, building cool things with awesome people with unexpected results."

Sciarra also mentioned he will still continue to be there for Pinterest, the service that allows members to "pin" images, videos and other content to their online pinboards. "Now, as an adviser, an owner, and – as always – a dedicated pinner."